Bandhan Bank has raised interest rates on Foreign Currency Non-Resident Bank deposits for non-resident Indian customers. US ...

South Indian Bank has boosted interest rates on US dollar deposits for Non-Resident Indians to 6.5% per annum for 3-5 year ...

RBI's new US Dollar-Rupee Forex Swap Facility enables banks to offer higher FCNR(B) deposit rates to NRIs, shielding currency risk and boosting foreign currency inflows with competitive interest rates ...

The move follows the Reserve Bank of India’s recent decision to introduce a USD-INR foreign exchange swap facility for banks ...

As part of the new rates, effective June 15, SBI is now offering up to 4.40% on US dollar-denominated FCNR(B) deposits with ...

The Reserve Bank of India (RBI) on Tuesday clarified that its recently introduced swap facility for Foreign Currency ...

HDFC Bank has raised FCNR(B) deposit rates by 235 basis points, offering as much as 6% on three to five-year deposits — one of the first Indian banks to use RBI's new forex swap scheme.

The facility will allow banks to raise fresh three- to five-year FCNR(B) deposits at lower hedging cost, helping support foreign inflows and the rupee ...

New Delhi, Jun 11 (PTI) Several banks, including ICICI and SBI, on Thursday launched a new Foreign Currency Non-Resident (FCNR (B)) deposit scheme offering higher interest rates for Non-Resident ...